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140 Elmwood Rd, Swampscott MA 01907

$1,649,000

Estimated $3,825.15/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $824,500

Total Rent: 0/year

Estimated CAP Rate: -0.84%

7 Bedrooms

3 Full, 1 Half Baths

4,364 SqFt

Total Parking: 4 (2 Garage)

10,193 SqFt

Introducing a rare gem of coastal living in the historic Olmsted District: a multifamily Victorian just a stroll away from the ocean's embrace, farmers market, restaurants, and shops. This captivating residence blends classic charm with modern convenience, offering an unparalleled lifestyle experience. Nestled behind the main house lies a large carriage house, with a spacious heated artist loft as well as parking and storage. Step inside the main residence to discover exquisite hardwood floors and timeless architectural details that harken back to a bygone era. This property won an award for excellence in restoration and features an additional artist studio in the basement! Multiple decks and porches beckon you outside, as does the large yard. Beyond its aesthetic appeal, this property is a savvy investment opportunity, with rental units poised to generate substantial income. Or convert it to a magnificent single. Income potential & undeniable allure as your own home!

This home has been viewed 84 times

Last Checked: October 7th, 2024 at 4:14pm (Source: MLS PIN #73230902)

Gross Income: $0

Gross Expenses: $13,815

Net Income Calc: $13,815

CAP Rate: -0.84%

Beach Front

Annual Expenses for 140 Elmwood Rd, Swampscott MA 01907

Total Gross Expenses (Calculated)$13,815/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,815.58

Annual Income & Unit Breakdown for 140 Elmwood Rd, Swampscott MA 01907

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesNo

General Information for 140 Elmwood Rd, Swampscott MA 01907

Listing ID73230902

Property TypeMulti Family

Price$1,649,000 ($377.86/SqFt)

StyleMulti Family

CitySwampscott

CountyEssex

MLS AreaOlmsted Historic District

Neighborhood(s)

Approximate Living Area Total4,364 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesEasements

Foundation Area

Foundation DescriptionStone,Other

Accessible Features

Outdoor Space

ZoningA2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 1/2 To 1 Mile To Beach

Energy Features

Terms

Disclosures for 140 Elmwood Rd, Swampscott MA 01907

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureIncludes heated upper level of barn

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 140 Elmwood Rd, Swampscott MA 01907

Real Estate Taxes$13,815.58

Tax Year2024

Assessed Value$1,202,400

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.84%

Location Information for 140 Elmwood Rd, Swampscott MA 01907

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaOlmsted Historic District

Area AmenitiesConservation Area, House Of Worship, Public School, Shopping, Public Transportation

Contact Information for 140 Elmwood Rd, Swampscott MA 01907

Agent

Name: The Pallotta Group

Office

Name: Leading Edge Real Estate

Phone: 781-729-5505

Team Members

Name: Nancy S. Pallotta

Phone: 781-258-0722

Payment Calculator

, Interest

Property Taxes 1151.3

Principal & Interest 10160.61

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

The Pallotta Group

Agent Phone

Office Phone

(781) 729-5505

Text Agent Call Agent Call Office

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                    [index] => 19
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[19] => Array
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                    [id] => 36827393
                    [name] => MLS20.jpg
                    [type] => gallery
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                    [index] => 20
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[20] => Array
                (
                    [id] => 36827394
                    [name] => MLS21.jpg
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[21] => Array
                (
                    [id] => 36827395
                    [name] => MLS22.jpg
                    [type] => gallery
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                    [index] => 22
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[22] => Array
                (
                    [id] => 36827396
                    [name] => MLS23.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[23] => Array
                (
                    [id] => 36827397
                    [name] => MLS24.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[24] => Array
                (
                    [id] => 36827398
                    [name] => MLS25.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[25] => Array
                (
                    [id] => 36827399
                    [name] => MLS26.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[26] => Array
                (
                    [id] => 36827400
                    [name] => MLS27.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[27] => Array
                (
                    [id] => 36827401
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[28] => Array
                (
                    [id] => 36827402
                    [name] => MLS29.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[29] => Array
                (
                    [id] => 36827403
                    [name] => MLS30.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[30] => Array
                (
                    [id] => 36827404
                    [name] => MLS31.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=31
                    [index] => 31
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[31] => Array
                (
                    [id] => 36827405
                    [name] => MLS32.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73230902&w=1024&h=768&n=32
                    [index] => 32
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

[32] => Array
                (
                    [id] => 36827406
                    [name] => MLS33.jpg
                    [type] => gallery
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                    [index] => 33
                    [enabled] => 1
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                    [modified] => 2024-10-07 16:14:17
                )

[33] => Array
                (
                    [id] => 36827407
                    [name] => MLS34.jpg
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                    [index] => 34
                    [enabled] => 1
                    [created] => 2024-10-07 16:14:17
                    [modified] => 2024-10-07 16:14:17
                )

)

)

EXIT